NEWS RELEASE

FOR IMMEDIATE RELEASE

MEDIA CONTACT:

Sara Panza

Greater Cleveland Automobile Dealers’ Association

440.746.1500  

New Car and Light Truck Sales Up Double Digits in October

Cleveland, OH (November 16, 2011) – The retail automotive industry in Northeast Ohio continued its rebound in October, registering a healthy double-digit sales increase when compared to the same month a year prior. According to statistics released today by the Greater Cleveland Automobile Dealers’ Association (GCADA), sales of new cars and light trucks grew 11.36 percent for the month, when comparing figures against October of 2010. For the year to date, sales of new cars and light trucks are up 19.51 percent, when removing figures for the discontinued Pontiac and Saturn brands.

“The fact that sales continue to grow despite uncertain economic times clearly demonstrates just how much pent up demand there is still in the marketplace,” says Louis A. Vitantonio, Jr. President of the GCADA. “With the Cleveland Auto Show approaching, we’re hopeful that we can build on this momentum through the end of the year and well into 2012.”

The Cleveland Auto Show, one of the largest auto shows in the nation, opens its doors at the I-X Center on Saturday, February 25, 2012 and runs through Sunday, March 4, 2012.

Franchised new car and light truck dealers sold 15,430 new vehicles last month compared to 13,856 vehicles in October of 2010. For the year to date, dealers have sold 170,181 vehicles through October of this year compared to 142,695 vehicles during the same time a year prior. A total of 24 brands posted sales increases for the month, when comparing sales to the same month a year prior. For the year to date, 27 brands have posted sales increases over 2010.

Ford continued to lead the industry with 2,883 vehicles sold in October, an increase of more than 16 percent over October of 2010. Chevrolet came in second at 2,024 units, while Honda retained its third position with 1,443 vehicles sold. Chrysler registered an impressive 61.65 percent sales gain for the month, selling 430 vehicles in October of 2011 versus 266 vehicles in October of 2010.

24 Brands Up in October (‘11 v. ‘10)

The following 24 brands posted sales increases in October 2011 versus October 2010: Audi, BMW, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, GMC, Honda, Hyundai, Jaguar, Jeep, Kia, Lincoln, Mercedes-Benz, Mini, Mitsubishi, Nissan, Smart, Subaru, Suzuki, Volkswagen and Volvo.

27 Brands Up Year to Date through October (‘11 v. ‘10)

The following 27 brand posted sales increases for the year to date through October of this year versus the same period in 2010: Acura, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Land Rover, Lincoln, Mercedes-Benz, Mini, Mitsubishi, Nissan, Porsche, Saab, Subaru, Suzuki, Volkswagen and Volvo.

New-car and truck sales in Northern Ohio

October ‘11 / October ’10 & YTD 

Retail sales figures are based on vehicle registration reports from the Ohio Bureau of Motor Vehicles.  Vehicle sales data includes the counties of: Ashland, Ashtabula, Carroll, Columbiana, Coshocton, Cuyahoga, Erie, Geauga, Holmes, Huron, Lake, Lorain, Mahoning, Medina, Portage, Richland, Stark, Summit, Trumbull, Tuscarawas and Wayne.

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